finder.com.au
27+ Exclusive Offers
finder.com.au > Home Loan Finder > ING Direct Home Loans

ING Fixed Rate Home Loan

The ING Fixed Rate Home Loan offers a competitive fixed rate and no ongoing fees.

The ING Fixed Rate Home Loan can be fixed for terms of one to five years. You can save on ongoing loan fees and take advantage of a range of features to help you pay off your mortgage sooner.

Split loan special offer

Split your fixed rate loan with the ING Orange Advantage Loan and receive a 0.10% discount on your interest rate as well as waiving of your application fee.

Note that the Orange Advantage comes with an annual fee. For more information please check out our review of the Orange Advantage Home Loan.

Terms and conditions may apply.

Interest Rate Max Insured LVR Max LVR
1 Year Fixed Rate (Investors)
4.32% p.a.
Comparison Rate
5.70% p.a.
 95% 80%
1 Year Fixed Rate (Owner occupiers)
3.68% p.a.
Comparison Rate
4.72% p.a.
 95% 80%
1 Year Fixed Rate (Owner Occupier with Orange Advantage)
3.58% p.a.
Comparison Rate
4.71% p.a.
 95% 80%
2 Year Fixed Rate (Owner occupiers)
3.82% p.a.
Comparison Rate
4.64% p.a.
 95% 80%
2 Year Fixed Rate (Investors)
4.37% p.a.
Comparison Rate
5.57% p.a.
 95% 80%
2 Year Fixed Rate (Owner Occupier with Orange Advantage)
3.72% p.a.
Comparison Rate
4.63% p.a.
 95% 80%
3 Year Fixed Rate (Owner occupiers)
3.93% p.a.
Comparison Rate
4.59% p.a.
 95% 80%
3 Year Fixed Rate (Owner Occupier with Orange Advantage)
3.83% p.a.
Comparison Rate
4.57% p.a.
 95% 80%
3 Year Fixed Rate (Investors)
4.55% p.a.
Comparison Rate
5.50% p.a.
 95% 80%
4 Year Fixed Rate (Owner Occupier with Orange Advantage)
3.92% p.a.
Comparison Rate
4.52% p.a.
 95% 80%
4 Year Fixed Rate (Owner occupiers)
4.02% p.a.
Comparison Rate
4.56% p.a.
 95% 80%
4 Year Fixed Rate (Investors)
4.69% p.a.
Comparison Rate
5.45% p.a.
 95% 80%
5 Year Fixed Rate (Owner occupiers)
4.08% p.a.
Comparison Rate
4.53% p.a.
 95% 80%
5 Year Fixed Rate (Investors)
4.9% p.a.
Comparison Rate
5.45% p.a.
 95% 80%
5 Year Fixed Rate (Owner Occupier with Orange Advantage)
3.98% p.a.
Comparison Rate
4.49% p.a.
 95% 80%
Product NameING Fixed Rate Home Loan
Interest Rate TypeFixed
Comp Rate^ (p.a.)
Maximum Loan Term30 years
Maximum LVR80%
Maximum Insured LVR95%
Mortgage Offset AccountNo
Loan Redraw FacilityNo
Split Loan FacilityYes
Fixed Interest OptionYes
Loan PortableYes
Suitable for InvestmentYes
Extra RepaymentYes
Available as equity loan/line of creditNo
Repayment TypePrincipal & Interest
Application Fee$499
Lender's Legal Fee$0
Ongoing Fees$0 p.a.
Settlement Fee$299
Discharge Fee$250

Pros

  • $0 ongoing fees.
  • Make additional repayments up to $10,000 per settlement anniversary before incurring fees.

Cons

  • $499 application fee.
  • $250 discharge fee when you close out your home loan.
  • No offset account.

Things to consider about the ING Fixed Rate Home Loan

This loan is available for owner occupiers or investors. It offers an online banking feature that helps you view your minimum monthly repayments. You can even view your next repayment date and even check or change your debit amount.

Features of the ING Fixed Rate Home Loan

  • No ongoing fees. This loan has no monthly or annual fees, but keep in mind that if combining your rate with the Orange Advantage you may need to pay annual fees for this part of the loan.
  • Additional repayments. You are allowed to make up to $10,000 in additional repayments on your loan’s settlement anniversary without incurring any penalties. Repayments above this amount may incur break costs.
  • Repayment certainty. The ING Fixed Rate home loan allows you to fix your interest rate for one to five years, giving you certainty that your home loan repayments won't change during the fixed term.
  • Interest rate discounts. You may be eligible for an interest rate discount at the end of the fixed rate period if your Fixed Rate Home Loan reverts to the variable rate Mortgage Simplifier Home Loan.
  • Free ATM withdrawals. You will be able to access funds from your account for free from ATMs across Australia with this loan.
  • Repayment frequency. You can make fortnightly or monthly repayments on your home loan.

Fees

  • Fixed rate lock-in fee. If you wish to lock the rate on your home loan using the lock-in feature, a $749 fee will apply.
  • Application fee. This loan carries an application fee of $499 which goes into covering the documentation costs of the mortgage and setting up the loan account.

Note that if you split this loan with the Orange Advantage Home Loan in order to take advantage of the discounted rate, the application fee will be waived, and an annual fee will be charged.

How to apply for the ING Fixed Rate Home Loan

The whole application process should take about 20-25 minutes to complete. You will have to meet the following eligibility criteria before applying for the loan:

  • Be over 18 years of age at the time of application.
  • Be an Australian Citizen residing in the country.

The following information will also be required with your application:

  • Personal details. This includes your name, address and contact information.
  • Financial information. Provide information of your income, assets and liabilities.

After you’ve submitted all the necessary documentation, ING will contact you to ensure that the home loan you have chosen is suitable for your situation.

With competitive rates and the option to fix your mortgage for up to five years, the ING Fixed Rate Home Loan could offer a unique and cost-effective way to finance a home purchase. Learn more about what this mortgage could offer you and compare it to other home loans on finder.com.au.


Enquire about this home loan
Related Products
Rates last updated October 23rd, 2018
ING Orange Advantage Loan - $150k to $500k (LVR <= 80% Owner Occupier, IO) ING Orange Advantage Loan - $150k to $500k (LVR <= 80% Owner Occupier, IO)
ING Orange Advantage Loan ING Orange Advantage Loan
Newcastle Permanent Building Society Fixed Rate Home Loan - 2 Years Fixed (Owner Occupier, P&I) Newcastle Permanent Building Society Fixed Rate Home Loan - 2 Years Fixed (Owner Occupier, P&I)
NAB Choice Package Home Loan - 1 Year Fixed (Owner Occupier P&I) NAB Choice Package Home Loan - 1 Year Fixed (Owner Occupier P&I)
Was this content helpful to you? No  Yes

Related Posts

IMB Platinum Package Fixed Rate Home Loan review

IMB's Platinum Package Fixed Rate Home Loan allows you the comfort of knowing your repayments while offering the benefits of a package that includes additional financial features.

Heritage Bank Advantage Package Home Loan

Choose between a fixed, variable or line of credit rate home loan and get package benefits with the Heritage Bank Advantage Package Home Loan.

eMoney Propack Fixed Rate PRIME

Lock in a competitive rate with the eMoney Pro Pack 75 – Fixed Rate Home Loan.

Bank Australia Fixed Rate Home Loan

Fixed interest rate loans give you a defence against rising interest rates. You can choose to have a one, two or three-year fixed interest rate period with the Bank Australia Fixed Rate home loan.

Westpac Fixed Options Home Loan Review

Lock in and secure your interest rates with Westpac Fixed Options Home Loan. Compare the rates and product details of the loans.

Ask an Expert

You are about to post a question on finder.com.au:

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • finder.com.au is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked

Finder only provides general advice and factual information, so consider your own circumstances, or seek advice before you decide to act on our content. By submitting a question, you're accepting our Privacy & Cookies Policy and Terms of Use, Disclaimer & Privacy Policy.

4 Responses

  1. Default Gravatar
    January 31, 2017

    Does ING lend to buy investment property in Stansbury SA 5582?

    Reply
    • finder Customer Care
      LouFebruary 1, 2017Staff

      Hi Fay,

      Thanks for your question.

      Generally, ING Direct offers home loan products for the purchase of properties around Australian, subject to their overall assessment.

      You may also consider other fixed rate home loans on this page.

      Alternatively, if you are looking for expert advice or help in finding a suitable loan option for your situation, you can also get in touch with a mortgage broker.

      Cheers,
      Anndy

      Reply
  2. Default Gravatar
    SerenaNovember 16, 2016

    What is the difference between Maximum LVR and Maximum Insured LVR for the product ING DIRECT Fixed Rate Home Loan.

    Reply
    • finder Customer Care
      JasonNovember 17, 2016Staff

      Hi Serena,

      Thank you for your enquiry.

      The maximum insured LVR is the amount that you can borrow including the cost of lenders’ mortgage insurance (LMI) into the loan while maximum LVR does not include the cost of LMI. LMI is usually charged by lenders when you borrow more than 80% of the property value.

      Cheers,
      Jason

      Reply
ING Fixed Rate Home Loan

ING Fixed Rate Home Loan

  • Interest Rate

    N/A

  • Comparison Rate

    N/A

  • App Fee / Annual Service Fee

    $499 / $0

  • Max LVR

    80%

Ask a question
Go to site